Saehwa IMC Co., Ltd. announced a private placement of 2,894,356 shares at an issue price of KRW 6,910 per share for gross proceeds of KRW 19,999,999,960 on October 11, 2022. The transaction will include participation from LIKE Co., Ltd. for 2,894,356 shares. The shares have a face value of KRW 500 per share.

The company will issue shares through third party allocation method. The transaction has been approved by the board of directors of the company. All shares issued or issuable in the transaction are subject to a hold period of 1 year.

The payment date of the transaction is December 22, 2022.